Are we going to witness an historical housing price correction amid sharpest rise in unemployment and social tension?...and the minimum you should know in order to protect yourself from this downturn from an economic, stock market and political point of view... with a pinch of humor and sarcasm.

Monday, 5 May 2008

Car Bubble, Another Symptom

Have you seen the number of SUV running on our road nowadays. In the past 3 years, this new "animal" is growing fast. High oil price is not stopping that at all. And why? reckless lending and credit standard deterioration. That is another symptom of the debt bubble that is growing and growing fast.